Spin-off is a known secret in the value investing community. It makes for an outsized returns - Joel Greenblatt said it and so did Charlie Munger. So what is it? What do you look for in a spin-off? Why is it a known secret? Let's find out.

Spin-off is a known secret in the value investing community. It makes for an outsized returns - Joel Greenblatt said it and so did Charlie Munger. So what is it? What do you look for in a spin-off? Why is it a known secret? Let's find out.